Development of a New Composite Index for Measuring Sustainability Performance of Manufacturing Companies Operating in BIST Sustainability Index

Soner Alaca; Mustafa Tepeci

Makale detayları

Development of a New Composite Index for Measuring Sustainability Performance of Manufacturing Companies Operating in BIST Sustainability Index

Yazarlar:

Soner Alaca | Mustafa Tepeci

Yayıncı:

Istanbul University

Ana Başlıklar:

Ekonomi

Dergi:

Journal of Economy Culture and Society Issue 66, pp.261-292

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001282576

pISSN:

2645-8772

Anahtar kelimeler:

Özet:

 The number of studies on sustainability assessment tools and models has increased in the last two decades. Composite Indexes CIs have become popular as a useful tool for assessing business level sustainability to compare the companies operating in the same sector. Limited studies have covered all three dimensions economic, environmental, and social of the sustainability assessment in an integrated manner in Turkey. This paper aims to measure and evaluate the Corporate Sustainability CS performances of ten manufacturing companies operating in the Istanbul Stock Exchange Market. For this purpose, a new integrated sustainability composite index was developed by using previous composite indexes in the literature. The developed assessment model provides a practical tool for the organizations in the manufacturing sector in Turkey by measuring and evaluating their sustainability performances in a holistic way. By using the analytical hierarchy process AHP, the levels of the sustainability performances of ten manufacturing organizations were assessed in a short time. The index allows managers to make comparisons among companies within the same sector. The results further indicated that the economic dimension score of the analyzed organizations had a weighty and salient effect on the total corporate sustainability performance score. This finding contributes to the literature that economic performance is predominantly effective in the sustainability performance of businesses.

 The number of studies on sustainability assessment tools and models has increased in the last two decades. Composite Indexes CIs have become popular as a useful tool for assessing business level sustainability to compare the companies operating in the same sector. Limited studies have covered all three dimensions economic, environmental, and social of the sustainability assessment in an integrated manner in Turkey. This paper aims to measure and evaluate the Corporate Sustainability CS performances of ten manufacturing companies operating in the Istanbul Stock Exchange Market. For this purpose, a new integrated sustainability composite index was developed by using previous composite indexes in the literature. The developed assessment model provides a practical tool for the organizations in the manufacturing sector in Turkey by measuring and evaluating their sustainability performances in a holistic way. By using the analytical hierarchy process AHP, the levels of the sustainability performances of ten manufacturing organizations were assessed in a short time. The index allows managers to make comparisons among companies within the same sector. The results further indicated that the economic dimension score of the analyzed organizations had a weighty and salient effect on the total corporate sustainability performance score. This finding contributes to the literature that economic performance is predominantly effective in the sustainability performance of businesses.

 The number of studies on sustainability assessment tools and models has increased in the last two decades. Composite Indexes CIs have become popular as a useful tool for assessing business level sustainability to compare the companies operating in the same sector. Limited studies have covered all three dimensions economic, environmental, and social of the sustainability assessment in an integrated manner in Turkey. This paper aims to measure and evaluate the Corporate Sustainability CS performances of ten manufacturing companies operating in the Istanbul Stock Exchange Market. For this purpose, a new integrated sustainability composite index was developed by using previous composite indexes in the literature. The developed assessment model provides a practical tool for the organizations in the manufacturing sector in Turkey by measuring and evaluating their sustainability performances in a holistic way. By using the analytical hierarchy process AHP, the levels of the sustainability performances of ten manufacturing organizations were assessed in a short time. The index allows managers to make comparisons among companies within the same sector. The results further indicated that the economic dimension score of the analyzed organizations had a weighty and salient effect on the total corporate sustainability performance score. This finding contributes to the literature that economic performance is predominantly effective in the sustainability performance of businesses.

 The number of studies on sustainability assessment tools and models has increased in the last two decades. Composite Indexes CIs have become popular as a useful tool for assessing business level sustainability to compare the companies operating in the same sector. Limited studies have covered all three dimensions economic, environmental, and social of the sustainability assessment in an integrated manner in Turkey. This paper aims to measure and evaluate the Corporate Sustainability CS performances of ten manufacturing companies operating in the Istanbul Stock Exchange Market. For this purpose, a new integrated sustainability composite index was developed by using previous composite indexes in the literature. The developed assessment model provides a practical tool for the organizations in the manufacturing sector in Turkey by measuring and evaluating their sustainability performances in a holistic way. By using the analytical hierarchy process AHP, the levels of the sustainability performances of ten manufacturing organizations were assessed in a short time. The index allows managers to make comparisons among companies within the same sector. The results further indicated that the economic dimension score of the analyzed organizations had a weighty and salient effect on the total corporate sustainability performance score. This finding contributes to the literature that economic performance is predominantly effective in the sustainability performance of businesses.

Makale detayları

Development of a New Composite Index for Measuring Sustainability Performance of Manufacturing Companies Operating in BIST Sustainability Index

Yazarlar:

Soner Alaca | Mustafa Tepeci

Yayıncı:

Istanbul University

Ana Başlıklar:

Ekonomi

Dergi:

Journal of Economy Culture and Society Issue 66, pp.261-292

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001282576

pISSN:

2645-8772

Sustainability Assessment

Integrated Measurement

Composite Index

Economic Dimension

BIST

Sayı

Makale detayları

Development of a New Composite Index for Measuring Sustainability Performance of Manufacturing Companies Operating in BIST Sustainability Index

Yazarlar: Soner Alaca | Mustafa Tepeci

Yayıncı: Istanbul University

Ana Başlıklar: Ekonomi

Dergi: Journal of Economy Culture and Society Issue 66, pp.261-292

Belge Tipi: Makale

Yayın Tarihi: 1/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001282576

pISSN: 2645-8772

Sustainability Assessment

Integrated Measurement

Composite Index

Economic Dimension

BIST

Sayı

Yazarlar:

Soner Alaca | Mustafa Tepeci

Yayıncı:

Istanbul University

Ana Başlıklar:

Ekonomi

Dergi:

Journal of Economy Culture and Society Issue 66, pp.261-292

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001282576

pISSN:

2645-8772